News

Pierre Bergé, president of Yves St-Laurent Haute Couture, has withdrawn from the race to acquire control of Drouot Holding SA. The company, which is owned by Paris’s 110 commissaires-priseurs, controls the Hôtel Drouot and the lucrative auction weekly, the Gazette de l’Hôtel Drouot.

FLORIDA-based organiser David Lester launches his first New York fair next autumn with a broad-based event at the Jacob Javits Center from September 10 to 15.

The London art market received a major lift in the salerooms last week when Sotheby’s and Christie’s attracted remarkably strong levels of international demand for their February round of Impressionist, Modern and Contemporary auctions.

USA: A NEW auction house specialising in what it dubs ‘Landmark’ sales of arms and armour has risen in San Francisco from the ashes of the former top management team of Butterfield’s.

THE Antique Collectors’ Club have published the results of their Annual Furniture Index, which shows a seven per cent rise for 2001. The index now stands at 3575, its highest point ever, from a base of 100 in 1968.

France has taken the first step towards adopting Unidroit, which enforces strict controls on the restitution of stolen art. On January 29 a first reading of the bill ratifying the convention was adopted by the Assemblée Nationale (lower-house).

THE collapse of Enron seems to have had a belated effect on the price of gold – but for the better. Gold rose by more than $23 (£16) per ounce this week, a positive move that was reflected by a slight rise in both silver and platinum, as buyers seek more tangible assets for investment.